Ralph Lauren (NYSE:RL) Receives "Outperform" Rating from Telsey Advisory Group

Telsey Advisory Group restated their outperform rating on shares of Ralph Lauren (NYSE:RL - Free Report) in a research report released on Friday morning, Benzinga reports. Telsey Advisory Group currently has a $195.00 price objective on the textile maker's stock.

A number of other research analysts have also recently weighed in on the company. Raymond James lifted their target price on Ralph Lauren from $135.00 to $154.00 and gave the company an outperform rating in a report on Tuesday, January 30th. The Goldman Sachs Group lifted their target price on Ralph Lauren from $132.00 to $151.00 and gave the company a neutral rating in a report on Friday, February 9th. UBS Group lifted their target price on Ralph Lauren from $244.00 to $250.00 and gave the company a buy rating in a report on Thursday. Wells Fargo & Company lifted their target price on Ralph Lauren from $160.00 to $185.00 and gave the company an equal weight rating in a report on Monday, March 4th. Finally, Jefferies Financial Group initiated coverage on Ralph Lauren in a report on Tuesday, April 30th. They issued a buy rating and a $195.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus price target of $168.08.

Ralph Lauren Trading Up 1.1 %

Shares of RL stock traded up $1.79 during mid-day trading on Friday, hitting $167.88. 814,640 shares of the company's stock were exchanged, compared to its average volume of 959,685. Ralph Lauren has a fifty-two week low of $103.17 and a fifty-two week high of $192.03. The stock has a 50-day simple moving average of $172.13 and a two-hundred day simple moving average of $154.20. The company has a quick ratio of 1.54, a current ratio of 2.17 and a debt-to-equity ratio of 0.55. The stock has a market cap of $10.73 billion, a price-to-earnings ratio of 18.83, a PEG ratio of 0.96 and a beta of 1.55.

Ralph Lauren Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Thursday, March 28th were issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 1.79%. The ex-dividend date was Wednesday, March 27th. Ralph Lauren's dividend payout ratio is currently 34.01%.

Institutional Trading of Ralph Lauren

Several hedge funds and other institutional investors have recently bought and sold shares of the company. iA Global Asset Management Inc. boosted its position in shares of Ralph Lauren by 106.7% during the first quarter. iA Global Asset Management Inc. now owns 9,308 shares of the textile maker's stock worth $1,748,000 after buying an additional 4,805 shares during the period. Comerica Bank boosted its position in shares of Ralph Lauren by 166.9% during the first quarter. Comerica Bank now owns 20,127 shares of the textile maker's stock worth $3,779,000 after buying an additional 12,585 shares during the period. Tidal Investments LLC lifted its position in Ralph Lauren by 193.9% in the first quarter. Tidal Investments LLC now owns 23,021 shares of the textile maker's stock worth $4,322,000 after purchasing an additional 15,188 shares during the period. Redwood Investment Management LLC acquired a new stake in Ralph Lauren in the first quarter worth approximately $1,520,000. Finally, Interval Partners LP acquired a new stake in Ralph Lauren in the first quarter worth approximately $18,776,000. 67.91% of the stock is owned by institutional investors.

Ralph Lauren Company Profile

Ralph Lauren Corporation designs, markets, and distributes lifestyle products in North America, Europe, Asia, and internationally. The company offers apparel, including a range of men's, women's, and children's clothing; footwear and accessories, which comprise casual shoes, dress shoes, boots, sneakers, sandals, eyewear, watches, fashion and fine jewelry, scarves, hats, gloves, and umbrellas, as well as leather goods, such as handbags, luggage, small leather goods, and belts; home products consisting of bed and bath lines, furniture, fabric and wallcoverings, lighting, tabletop, kitchen linens, floor coverings, and giftware; and fragrances.